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New Ti report finds online retailers see the strategic advantage of investing in e-commerce logistics, but have their profits weighed down by the costs of those investments.
Port director's tenure has seen projects to deepen harbor, raise Bayonne Bridge, expand marine terminals and intermodal rail.
CMA CGM Vice Chairman Rodolphe Saadé calls deal a "major new agreement."
Marine terminal officials agree that future contracts will require ongoing collaboration.
Maersk Line CEO Soren Skou told American Shipper container lines need to adapt to permanent overcapacity, and cited Maersk's network management as the primary driver of bumper profits in recent years.
Economist revised forecasts, predicting lower import growth and a second year of declines in exports.